I’ve been reading a lot about this #axieinfinity game that had become so popular with 40% of its users coming from the Philippines! There are stories of people making a living wage from the age and some even buying houses and these stories generate hype Looking into the economics of the game the vast majority of players are farming and paying a fee to whales in the game and holding hoping to become whales themsleves where they can then lease out to others As more people come in to farm and waste their time earning and holding this coin In hopes of making a wage from the game they also buy up tokens with their earned tokens This screams of #Ponzi-nomics the thing is as long as new users are coming in thinking they’ll play their way to whale status the longer this will go on Sadly most won’t and when this thing reverse it’s going to rek a lot of people
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